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Thrivent Mutual Funds Wins 2018 Best Overall Small Fund Family Lipper Award
February 28, 2018 | Samantha Mehrotra, Manager, Public Relations
Organization also honored for Best Mid-Cap Core Fund for 5- and 10-year periods
Thrivent Mutual Funds has been honored for the third year in a row as the winner of the Thomson Reuters Lipper Fund Award for Best Overall Small Fund Family (out of 30 U.S. fund families for 2018).
In addition, the Thrivent Mid-Cap Stock Fund, Class S (TMSIX), was named Best Mid-Cap Core Fund for both the past five-year (December 1, 2012 through November 30, 2017) and past 10-year (December 1, 2007 through November 30, 2017) performance periods (out of 290 funds and 196 funds, respectively). These awards were based on risk-adjusted performance for periods ending November 30, 2017.
“We are honored to be recognized once again by Thomson Reuters Lipper for the performance of our funds, which provides recognition of our long-term, disciplined investment philosophy,” said David Royal, Chief Investment Officer at Thrivent and President of Thrivent Mutual Funds. “Our talented team of investment professionals is committed to managing our mutual funds in a way that helps our clients on their journey to be wise with money.”
Thrivent Mutual Funds began offering its funds online at ThriventFunds.com with no sales load (Class S) in February 2016. The funds are also offered through Thrivent Financial representatives and other investment advisors around the country.
The Thrivent Mutual Funds are supported by a team of more than 100 investment professionals who take a long-term, disciplined approach to investment management.
Thrivent Mutual Funds received these honors at the annual Thomson Reuters Lipper Fund Awards gala in New York City on February 27.
About Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. For more than three decades, these awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. These awards recognize funds and fund management for their consistently strong risk-adjusted three-, five-, and ten-year performance relative to their peers, based on Lipper’s proprietary performance-based methodology. Eight Asset Class Group Awards were awarded to fund families for their superior firm-wide performance. For more information, please contact firstname.lastname@example.org or visit excellence.thomsonreuters.com
Fund Family Methodology: Overall Group Awards are given to the best large and best small fund families separately. Small fund family groups need to have at least 3 distinct portfolios in each of the equity, bond and mixed-asset class groups to qualify for the Overall Group award. For the 2018 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2017), a small fund family is defined as having assets of $75.3 billion or less. For the 2017 Thomson Reuters Lipper Fund Awards (based on three-year period ending 11/30/2016), a small fund family was defined as having assets of $63.5 billion or less. For the 2016 Award (based on three-year period ending 11/30/2015) it was defined as assets of $57.7 billion or less. Money Market assets are excluded. The Overall Group award is given to the fund family with the lowest weighted average decile ranking of its respective asset class results based on the Consistent Return (Effective Return) value of the eligible funds per asset class. In cases of identical results, the lower average percentile rank will determine the winner. Sales charges are not taken into consideration. Some Thrivent Mutual Funds may have had fee waivers in effect. If they hadn’t been in effect performance would have been lower. See ThriventFunds.com or the Prospectus for current waiver information.
Fund award methodology: The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over three, five, or 10 years. Sales charges are not taken into consideration. Class S shares for this Fund have no sales charges
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Mid Cap Risks: The Fund primarily invests in securities of mid-sized companies, which often have greater price volatility, lower trading volume, and less liquidity than larger, more established companies. The value of the Fund is influenced by factors impacting the overall market, certain asset classes, certain investment styles, and specific issuers. The Fund may incur losses due to investments that do not perform as anticipated by the investment adviser.
Past performance is not indicative of future results. Investing in a mutual fund involves risks, including the possible loss of principal. The prospectus contains more complete information on the investment objectives, risks, charges and expenses of the fund, which investors should read and consider carefully before investing. Updated performance information and prospectuses are available at ThriventFunds.com.
The principal underwriter for Thrivent Mutual Funds is Thrivent Distributors, LLC, a registered broker/dealer and member of FINRA. Thrivent Asset Management, LLC, an SEC-registered investment adviser, serves as the investment adviser for Thrivent Mutual Funds. Thrivent Financial Representatives are registered representatives of Thrivent Investment Management Inc. Thrivent Investment Management Inc. is registered as an investment adviser and a broker/dealer, and a member of FINRA and SIPC. For additional important information, visit Thrivent.com/disclosures.
All entities are wholly-owned subsidiaries of Thrivent Financial for Lutherans, Appleton, WI, and have principal places of business at 625 Fourth Ave S., Minneapolis, MN 55415.
About Thrivent Mutual Funds
Thrivent Mutual Funds helps investors prepare for a more secure financial future. They do this in a variety of ways, from the experience of their fund managers to providing convenient, flexible options to make investing easier. Thrivent Mutual Funds has been offering mutual funds since 1970. Today there are 25 mutual funds, including a full suite of solution-based products as well as an array of single-strategy offerings, with over $17 billion in assets (as of 12/31/2017). The investment advisor for the Funds is Thrivent Asset Management, LLC, comprised of over 100 seasoned investment professionals focused on a broad range of investment strategies designed for all risk tolerances. For more information on Thrivent Mutual Funds, visit ThriventFunds.com.
About Thrivent Financial
Thrivent Mutual Funds are affiliated with Thrivent, a not-for-profit financial services organization that helps Christians be wise with money and live generously. As a membership organization, it offers its more than two million member-owners a broad range of products, services and guidance from financial representatives nationwide. For more than a century it has helped members make wise money choices that reflect their values while providing them opportunities to demonstrate their generosity where they live, work and worship. For more information, visit Thrivent.com. You can also find us on Facebook and Twitter.